Fenimore Asset Management Inc Sells 17,542 Shares of Broadridge Financial Solutions, Inc. $BR

Fenimore Asset Management Inc cut its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 236,910 shares of the business services provider’s stock after selling 17,542 shares during the period. Fenimore Asset Management Inc’s holdings in Broadridge Financial Solutions were worth $38,166,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BR. BlackRock Inc. bought a new stake in Broadridge Financial Solutions during the 2nd quarter valued at approximately $1,473,918,000. Barclays PLC increased its position in Broadridge Financial Solutions by 1.8% in the 4th quarter. Barclays PLC now owns 2,007,968 shares of the business services provider’s stock worth $448,118,000 after buying an additional 35,169 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Broadridge Financial Solutions by 110.6% during the fourth quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock worth $329,239,000 after buying an additional 774,747 shares during the last quarter. Jupiter Topco LLC bought a new stake in shares of Broadridge Financial Solutions in the second quarter valued at approximately $261,852,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Broadridge Financial Solutions in the second quarter valued at approximately $197,921,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR traded up $5.00 during trading hours on Thursday, reaching $165.13. The stock had a trading volume of 1,071,194 shares, compared to its average volume of 1,362,973. The company has a market cap of $18.64 billion, a price-to-earnings ratio of 17.17 and a beta of 0.92. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $237.39. The business’s fifty day moving average is $169.11 and its two-hundred day moving average is $157.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.24 and a quick ratio of 1.24.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $3.55 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. As a group, research analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 3rd were given a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 2.6%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. The ex-dividend date of this dividend was Thursday, September 3rd. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 45.32%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BR shares. Morgan Stanley boosted their target price on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Royal Bank Of Canada increased their price target on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Broadridge Financial Solutions in a report on Friday, August 7th. Finally, UBS Group reaffirmed a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $216.00.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the transaction, the vice president owned 8,800 shares in the company, valued at $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by company insiders.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.